Price Level of Household Consumption for Japan
PLCCPPJPA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.05
Year-over-Year Change
14.88%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Japan measures the overall price changes for goods and services consumed by Japanese households. This metric is crucial for economists and policymakers to assess inflation, consumer purchasing power, and the overall health of the Japanese economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the price level of household consumption expenditures in Japan, one of the key measures of inflation. It tracks the changes in prices paid by Japanese consumers for a basket of common household goods and services over time, providing insights into the cost of living and purchasing power.
Methodology
The data is collected and calculated by the Japanese government based on a survey of household expenditures.
Historical Context
Policymakers and analysts use this metric to guide monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Key Facts
- The base year for this index is 2015 = 100.
- Japan has experienced relatively low inflation in recent decades.
- Household consumption makes up over half of Japan's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall changes in prices paid by Japanese households for a basket of consumer goods and services, providing a gauge of inflation and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the cost of living, consumer spending patterns, and the broader health of the Japanese economy, which is heavily influenced by household consumption.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Japanese government based on a comprehensive survey of household expenditures.
Q: How is this trend used in economic policy?
A: Policymakers and central bankers monitor this gauge of inflation to guide monetary and fiscal policies aimed at maintaining price stability and supporting economic growth in Japan.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of several weeks, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Japan (PLCCPPJPA670NRUG), retrieved from FRED.